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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
 A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.
Spokespersons from different countries, including Thailand, South Korea, Mongolia, India and China highlighted their domestic demand for power generation, with coal as their main source of energy, thereby limiting coal exports.
The views were in line with ours that coal demand will remain buoyant in the mid-to-long term since it is a cheaper source of energy relative to oil and gas. Demand for energy will remain strong as about 60 percent of the world’s population has partial or no access to electricity.
Demand for coal as a source of energy is growing faster than for other sources. In 2000-2008, the average annual demand growth rate for coal was 4.7 percent, higher than for gas at 2.7 percent and 1.4 percent for oil.
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“Japan’s coal demand is expected to slow on the back of two factors:
1. the Japanese government policy to reduce carbon dioxide emissions
2. Japan’s new tax law on coal will reduce the cost effectiveness of using it”
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A World Energy Agency analyst says power generation based on all types of energy except oil is projected to grow. With world energy demand to grow at 40 percent between 2007 and 2030 and an estimated 1.3B people or 16 percent of the world’s population still lacking electricity by 2030, long-term demand for coal will rise most in absolute terms.
Speakers from India and China were also very positive on coal demand, given their rising power needs. The Indian government is projected to add 78 gigawatts (GW) of power by 2012, while power demand is expected to rise from 147 GW now to 950 GW by 2030.
China is expecting to double its power needs by 2020. About 60 percent of coal output in 2007-2030 is projected to come from China.
Spokespersons from Thailand and Vietnam highlighted their domestic coal needs for power projects, so reducing coal supply to export markets. Vietnam now supplies about 50 percent or 24 million tons of its coal for exports, but going forward this will fall to 3 million tons, despite production rising from 48 million tons in 2009 to about 105 million tons by 2025. For Thailand, coal consumption is going to increase from 34.5 million tons in 2008 to 48.6 million tons by 2021.
Only the speaker from Mongolia said it’s coal reserves of 162.3 billion tons would enable it to increase supply to the international market.
Separately, Japan’s coal demand is expected to slow on the back of two factors: 1. the Japanese government policy to reduce carbon dioxide emissions and 2. Japan’s new tax law on coal will reduce the cost effectiveness of using it.
Closer to home, 2009 coal output in Indonesia increased to 240 million tons, with exports accounting for 70 percent. This percentage will gradually reduce as domestic coal demand rises with more coal-fired power projects. Indonesia is expected to add 20GW of power by 2015. The electricity sector now absorbs 65 percent of domestic coal consumption with the cement industry as the second largest consumer.
Arpeni Pratama Ocean Line, Indonesia’s leading shipping company, expects coal to account for 33 percent of the country’s total energy mix by 2025, up from 19 percent now.
As energy demand remains strong world wide, coal consumption will continue to increase going forward. Strong coal demand could result in decoupling between oil and coal prices, with continued upward trends in future coal prices.
Source: The Jakarta Post
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Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
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Showing 6056 to 6060 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Planning Commission, India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
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